Trends in International Trade (Leaving Cert Business): Flashcards
📚Flashcards
Practise the cards
10 cards from this deck
ShowHide
Practise the cards
10 cards from this deck
Brexit's impact on trade policies
Brexit's impact on trade policies
Significant implications for tariffs & economic relations
Globalisation in international trade
Globalisation in international trade
Integration of global economies, promotes cross-border trade
Challenges to globalisation
Challenges to globalisation
Nationalism and protectionism
ICT's impact on international trade
ICT's impact on international trade
Enhances global connectivity, makes trade easier
ICT's role in supply chains
ICT's role in supply chains
Helps manage global supply chains
Purpose of trading blocs
Purpose of trading blocs
Facilitate trade amongst member countries
Example of a trading bloc (Europe)
Example of a trading bloc (Europe)
European Union (EU)
USMCA stands for
USMCA stands for
United States-Mexico-Canada Agreement
Impact of low wage economies on developed countries
Impact of low wage economies on developed countries
Increased competition in manufacturing & outsourcing
Example of low wage economy
Example of low wage economy
China